Bank of America has promoted 387 employees to managing director roles in 2024, 16% more than last year, a person familiar with the matter told Reuters on Wednesday. More than half of those promoted included women and people of color for the fifth consecutive year,

Chairman and CEO Brian Moynihan feels good about net interest income reaching $14.3B in Q4, vs. $14.1B in Q3 and $13.9B in Q2, he said at the Goldman Sachs U.S. Financial Services Conference on Wednesday.

Bank of America inched higher on Wednesday after chief executive Brian Moynihan forecast better-than-expected net interest income and talked up the bank's deals pipeline. Bank of America Corp (NYSE:BAC) was up slightly following